Claims
“Capital tends to follow opportunity,” and while Canada is currently viewed as a region affording opportunity, the property and casualty insurance industry here could experience significant pressure if investors start regarding other areas as greener pastures, Philip Cook, CEO of Omega Insurance Holdings Inc., suggested Tuesday during a presentation in downtown Toronto. “It’s very positive […]
By Canadian Underwriter | January 12, 2016
5 min read
The province of British Columbia is seeking input on the future of the Emergency Program Act (EPA) through an online public engagement website. The site will be open until Friday, Feb. 19 at 4 p.m. PDT, the Ministry of Transportation and Infrastructure said in a statement on Monday. The engagement site provides information about the […]
2 min read
Ridesharing company Uber announced on Monday that it is launching uberPOOL in Toronto beginning on Wednesday, Jan. 13 at 2 p.m. The service allows users to share their ride and split the cost by being matched with someone travelling the same way – making the fare 30% cheaper than UberX, Uber said in a statement. […]
The U.S. National Center for Atmospheric Research (NCAR) announced on Monday today that it has selected a new supercomputer named Cheyenne to help researchers across the country studying climate change, severe weather, geomagnetic storms, seismic activity, air quality, wildfires and other geoscience topics. Cheyenne was selected following a competitive open procurement process and will help […]
3 min read
The Ontario government announced Tuesday it has approved a plan to continue operating the Pickering nuclear power plant, located about five kilometres east of the Toronto city limits, after 2020. Pickering is one of two nuclear plants operated by Ontario Power Generation (OPG) Inc. The other is Darlington, about 30 kilometres east of the city […]
Ford and the University of Michigan said on Monday that they have conducted what they believe are the first tests of autonomous vehicles in wintry conditions. The automaker and university tested the vehicles in Michigan and on the university’s 32-acre Mcity simulated urban environment, noting in a statement that typical autonomous vehicle sensors are useless […]
NEW YORK – Opening statements are ready to begin in the first trial to result from hundreds of federal lawsuits brought against General Motors after faulty ignition switches led to massive recalls. The attorney for an Oklahoma man hurt in a 2014 crash plans to tell a jury Tuesday that the faulty switch led to […]
The province of British Columbia has reaffirmed its five conditions for any heavy oil pipeline – including Kinder Morgan’s Trans Mountain expansion project – to receive provincial support. In its final written submission to the National Energy Board (NEB) panel reviewing the expansion project, the B.C. government said it will continue to evaluate the project […]
By Canadian Underwriter | January 11, 2016
Wildfires scorched a record amount of Canada’s national parks last year – the latest in a number of long, hot summers that have almost entirely depleted Parks Canada’s firefighting reserve. “We had a very busy fire year,” said director of fire management Jeff Weir. “We had more wildfires than normal and those fires burned larger […]
Despite the regulatory means now available for federally regulated mutual property and casualty insurers to demutualize, 176-year-old Gore Mutual Insurance Company is opting to remain as is and continue with its existing strategic plan. “The Board of Directors (BoD) of Gore Mutual has completed its review and has determined that it is in the best […]
4 min read
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